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FPIs Hit 5-Month High of Rs. 11,000 cr
March 06, 2018
As many as Rs. 11,000 crores were drawn from the Indian stocks by the foreign portfolio investors (FPIs) during February. This was the highest amount to be pulled out in the past 5 months.
Vikram Limaye, CEO and MD, NSE, said that FPIs are extracting their investments from the Indian markets in light of other emerging markets such as Brazil.
Intellistocks chief investment advisor Nalini Jindal said that the inflation in the US hitting a new low that may trigger a Fed rate hike is also another possible reason behind the changing behavior of the FPIs.
